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AGREEMENT TO SELL SHARE IN PARTNERSHIP is a free, ready-to-use Corporate template you can open, customize, and download on GitLaw. It gives you a professionally structured starting point, so you never have to draft from a blank page. The wording is plain and modern, organized into clear sections that are easy to read, edit, and adapt to your own situation before you share or sign it.
Reach for this Corporate template whenever you need a reliable agreement quickly and want to be sure the essentials are covered. It suits individuals, freelancers, startups, and established businesses alike. Instead of paying for a document drafted from scratch, you can start here, tailor the details to your arrangement, and have a polished draft ready in minutes. This version is drafted with India in mind, though you should always review the final wording against the laws that apply to you.
A well-drafted Corporate usually sets out the parties involved, the scope of the agreement, and each side's rights and responsibilities. Expect sections covering key terms and definitions, how long the agreement lasts, how it can be ended, and what happens if something goes wrong. This template brings those building blocks together in a sensible order, so you can focus on the specifics rather than worrying about what to include. Open it to read the full document, then sign up to edit, negotiate, and e-sign it directly in GitLaw.
Updated 9 July 2026
An agreement under which one partner sells his entire share in a partnership to his co-partner in India, dissolving the firm at the same time. It values the seller's share (goodwill, net assets and the business premises), records the dissolution and the allocation of all book debts and liabilities to the purchaser, and provides for payment by an initial sum plus monthly instalments over up to two years. Pending final payment the purchaser holds the machinery, tools and premises as the seller's licensee; on payment of the last instalment the seller executes and registers a sale deed for the property. It sets out the consequences of the purchaser's default — revocation of the licence, surrender of possession, forfeiture of the initial payment, and refund of the balance after permitted deductions. Being both an agreement and a deed of dissolution, it attracts stamp duty accordingly.